PAX Technology, Inc. Continues to Build the U.S. Team
Carmen Paraschiv, Appointed as Vice President of Strategic Development
Atlanta, Georgia And Shenzhen, China — April 12, 2010 — PAX Technology, Inc. the leading global provider of innovative electronic payment terminal products, today announced the appointment of Carmen Paraschiv, as Vice President of Strategic Development. Ms. Paraschiv will be responsible for working with our internal teams in making sure our products meet industry compliance guidelines. In addition, Carmen will work very closely with our partners with certifications and rollouts.
"Carmen Paraschiv’s vast experience in certification and compliance will be a tremendous asset for PAX as we continue to expand our POS device line and bring to the market solid payment applications," said Michael Mulcahy, PAX President & CEO. "As we continue to build the US team, we are bringing on industry experts such as Carmen who will drive our team to success".
"I'm delighted to be on board with PAX Technology Inc. full time, to launch other innovative, secure payment applications and point of sales devices into what is an increasingly complex marketplace," said Carmen Paraschiv.
Carmen Paraschiv joined PAX Technology, Inc. after 15 years in the payment industry. Carmen spent 2 years as EVP of Project Management at Exadigm,Inc. where she successfully managed their first 3 Class A certifications. Prior to Exadigm, she was with Lipman for 11 years which was acquired by Verifone in 2006. Carmen held a range of key positions at Lipman USA including Customer Service and Quality Assurance Manager. She also was part of the Lipman/Verifone transition team in the US and became Verifone's PMO Manager in January, 2007. After leaving Lipman/Verifone, Carmen established Stand by Me, Inc. as an industry consultant.
Carmen holds a Bachelors Degree in Economics and Computer Science from the University of Planning and Cybernetics, Academy of Economic Studies in Bucharest, Romania.
About PAX Technology Limited
PAX is a global leader in providing secure electronic payment systems. The company has been serving the global payments marketplace since 2001 and is now one of the largest POS manufacturers in the world. In 2008, PAX ranked 8th in terms of annual shipments for POS vendors, according to The Nilson Report. With shipments over 264,000 units in 2008, PAX is the fastest growing POS terminal manufacturer of the top 25 worldwide. In 2009, PAX opened their North American office and offers a complete range of POS solutions including PIN pads, countertop, mobile handheld and multi-lane terminals and contactless readers.
www.pax.us
Contact Information
PAX Technology, Inc.
Wendy Lund
VP, Product Marketing
marketing@pax.us
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